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          Stanford University                                                    Fall 2021
 OFFICE OF THE TREASURER
 
Merchant Services Newsletter
CREDIT & DEBIT CARD ACCEPTANCE - TERMINALS - MOBILE PAYMENT - ECOMMERCE
MS Program Transformation Updates

Learn about the status of the Front End Solution Redesign, Payment Gateway Discovery, and PCI Compliance migration and find real time updates on the Merchant Services Transformation Project.

  • Front End Redesign Solution: We are proceeding with third-party enabled, proof-of-concept redesigns for existing merchant websites.
  • Payment Gateway: After a thorough RFP process, we have selected two vendors that will provide impactful benefits for Point-of-Sale and eCommerce transactions.
  • PCI Compliance Migration: We will begin moving select information between the PCI Compliance and Fingate websites through the Fall months.
Operational Updates and Reminders
  • Clover Flex Connection with WiFiMerchants who are using the Clover Flex, PCI validated P2PE Point of Sale device, that they can now connect to the network “eduroam” WiFi option available on the Stanford campus.
  • Accounting for Stripe Processing Fee: If you or your vendor is using Stripe as a payment solution to accept payments from your customers, there is important information to ensure you are accounting for revenue and fees accurately on the G/L.
  • PCI Compliance Training Available for non-Stanford UsersFor departments who hire non-Stanford affiliated casual workers, volunteers, or third-party vendor employees to assist with credit card processing activities, ensure they each complete the PCI compliance training prior to those activities.
  • 2021 Annual PCI Compliance Validation: Department merchants are required to complete the Self-Assessment Questionnaire (SAQ) to evaluate and report their compliance in a timely and accurate manner. From late September to October, Merchant Services will host a series of PCI compliance workshops to provide a virtual walk-through of various SAQ types.
Did You Know?
Fingate Enhancements: FMS has implemented some changes to the Fingate website's search functionality effective August 1, 2021 that will improve the merchant user experience. These changes are a result of a deep dive study of the site analytics, user experience polls and direct feedback from the site's audience.
Merchant Services vs. Card Services:  Stanford purchasing cards (PCards) and travel cards (TCards) are outside the scope of Merchant Services. These expense card programs are for individuals making purchases and traveling on behalf of the university and are managed by Card Services.
Events
MS Community of Practice
Join us on the fourth Thursday of every month for the MS CoP, with the next one on September 23 at 11am.

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To learn more, subscribe to the newsletter and view past issues on Fingate.






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